Scott Kelley Moore Sells 1,451 Shares of Hillman Solutions (NASDAQ:HLMN) Stock

Hillman Solutions Corp. (NASDAQ:HLMN) insider Scott Kelley Moore sold 1,451 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $8.29, for a total value of $12,028.79. Following the completion of the sale, the insider directly owned 108,170 shares in the company, valued at approximately $896,729.30. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hillman Solutions Stock Up 0.2%

Hillman Solutions stock opened at $8.05 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.51 and a quick ratio of 0.62. The stock has a market capitalization of $1.58 billion, a PE ratio of 38.34 and a beta of 1.67. The business has a 50 day simple moving average of $9.29 and a 200-day simple moving average of $9.22. Hillman Solutions Corp. has a 12 month low of $6.55 and a 12 month high of $10.85.

Hillman Solutions (NASDAQ:HLMN) last announced its earnings results on Tuesday, February 17th. The company reported $0.10 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.10. Hillman Solutions had a return on equity of 9.57% and a net margin of 2.60%.The firm had revenue of $365.14 million for the quarter, compared to analyst estimates of $371.69 million. During the same quarter last year, the firm posted $0.10 EPS. The business’s revenue was up 4.5% on a year-over-year basis. On average, analysts anticipate that Hillman Solutions Corp. will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HLMN has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Hillman Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Hillman Solutions in a research note on Friday, January 9th. Canaccord Genuity Group reduced their price target on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Finally, Benchmark decreased their price target on shares of Hillman Solutions from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $11.33.

Institutional Investors Weigh In On Hillman Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EP Wealth Advisors LLC acquired a new stake in Hillman Solutions during the fourth quarter worth about $382,000. SummitTX Capital L.P. acquired a new position in Hillman Solutions in the 4th quarter valued at about $325,000. Millennium Management LLC grew its stake in shares of Hillman Solutions by 178.3% in the 4th quarter. Millennium Management LLC now owns 623,733 shares of the company’s stock valued at $5,402,000 after buying an additional 399,647 shares during the period. AQR Capital Management LLC grew its stake in shares of Hillman Solutions by 4.6% in the 4th quarter. AQR Capital Management LLC now owns 102,070 shares of the company’s stock valued at $884,000 after buying an additional 4,490 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in shares of Hillman Solutions during the 4th quarter worth approximately $1,567,000. 98.11% of the stock is currently owned by institutional investors and hedge funds.

About Hillman Solutions

Hillman Solutions (NASDAQ:HLMN) is a leading provider of hardware and related products to the home improvement, retail, industrial and manufacturing markets. The company’s portfolio encompasses key duplication systems and security solutions, hardware essentials such as fasteners and anchors, signage and labeling products, and outdoor and seasonal items. Hillman’s product offerings are sold through a network of major home improvement retailers, wholesalers, independent distributors and other specialty outlets.

Founded in 1964 and headquartered in Cincinnati, Ohio, Hillman grew from a family-run enterprise into a global supplier of hardware solutions.